NYSSA NEWS

The Bonus Dilemma by Jon Jacobs, eFinancialCareers.com This white paper focuses on public relations aspects of the dilemma confronting U.S. investment banks over reformulating compensation—both near-term and long-term, from the C-suite to the operations staff.		Westchester’s First Pink Slip Party to Help Finance Professional Job-Seekers Get Career Fit in 2009 The Leukemia & Lymphoma Society’s (LLS) Westchester/Hudson Valley Chapter is hosting a “Pink Slip Party” on Tuesday, January 13, 2009 from 6:00 p.m.–8:00 p.m. at Vintage Bar & Restaurant in White Plains. Benefiting the chapter’s Team In Training (TNT) program, the evening will provide a unique opportunity for job seekers to get “Career Fit” professionally by networking with tri-state area recruiters and their peers, as well as physically by learning about the TNT endurance sports training program. Attendees can also celebrate the beginning of a new year with featured drink specials and festive bar fare. A $10 donation to LLS will be collected at the door.

ENTREPRENEURIAL TIP CORNER: Making Customers Your Sales Force by Michael Herz, CPA, MBA What is the least expensive and often most effective form of advertising? Word-of-Mouth referrals. These are referrals from clients and customers who are very familiar with your product or service, because they have had recent experience with your organization. How can you maximize these opportunities to have your clients and customers refer new business to you?		NYSSA Seeks Volunteers to Help with Educational Outreach NYSSA is currently seeking member volunteers to help us with our educational outreach. As you know, NYSSA has a long focused on ensuring that emerging finance professionals are prepared for the challenges they face each workday.

UK Poll Shows Despised Business Jargon The Daily Telegraph’s online article called “‘Thinking Outside the box’ is most despised business jargon” discusses results from a survey of 2,035 adults in the UK on what business language they found to be pointless. This is called “buffling”—using language that “does not say anything important or useful.”		BOOK REVIEW The Ascent of Money: A Financial History of the World by Niall Ferguson. The Penguin Press. 2008. In The Ascent of Money: A Financial History of the World by Niall Ferguson, Ferguson discusses the evolution of finance and its effects on the people of that time. Ferguson traces the beginnings of finance from Mesopotamia to the current day turmoil of “Planet Finance.”

New Member Reception On Friday, December 12, NYSSA welcomed its newest members of the Society with an evening reception.		New Members Welcome and congratulations to NYSSA's newest members.

Who's News See what moves NYSSA members are making.

NYSSA CFA Exam Prep Courses	Professional Development Courses	Conferences	Presentations	Members-Only
CFA Level I Complimentary Sample Review Class CFA Level II Complimentary Sample Review Class CFA® Level I Weekly Review (Session A—Tuesdays) CFA® Level I Weekly Review (Session B—Wednesdays) CFA® Level II Weekly Review (Session A—Mondays) CFA® Level II Weekly Review (Session B—Wednesdays) CFA® Level III Weekly Review Financial Statement Analysis - 2009 CFA® Level I 5-Week Saturday Condensed Review CFA® Level II 5-Week Saturday Condensed Review Schweser 3-Day Intensive Review—Level I Schweser 3-Day Intensive Review—Level II Schweser 3-Day Intensive Review—Level III	How to Analyze a 10(k) Corporate Valuation Methodologies Financial Modeling Using Excel Financial Modeling with the Monte Carlo Simulation Commodities Credit Derivatives Research Report Writing Real Estate Investment and Income Analysis Securitization and Mortgage-Backed Securities New, advanced topics! Covered Call Writing: Advanced Strategies Advanced Financial Modeling: Core Model Advanced Excel for Data Analysis Linking Strategy to Valuation New, in-depth, full-day format! Investing in Distressed and Defaulted Debt Credit Analysis and Credit Risk Management New! Asset Management with Technical Analysis New! Managing Portfolios with Exchange Traded Funds M&A Deal Structuring and Merger Modeling Basics Basic Leveraged Buyout Modeling Hedge Funds	Pensions at Risk: A Meeting of Fiduciary and Financial Minds 13th Annual Insurance Conference	Market Forecast: Investment Challenges in Times of Change Author Series: Bad Bosses, Crazy Coworkers, & Other Office Idiots Changes to 2008 Financial Statements: What Analysts Need to Know Career Chat: Mid-Career Changes Once in a Lifetime Opportunity: A Discussion with Author and former Columbia University Prof. Michael van Biema American Gas Association: Outlook for the Natural Gas Industry Trends in Endowment Asset Allocation Frontier Markets: An Undiscovered Opportunity or Another High Beta Play? Career Chat: A Practical Guide to Starting a Firm Author Series: Sustainable Investing: The Art of Long-Term Performance	NYU: Financial Engineering: Derivatives, Operator Methods and GPU Computing AQ Research Conference—Masters of Change Toastmasters Friday Career Coffees: Job Searches in Stressful Times Divine Wine Tasting Networking Event O'Reilly Money: Tech Conference 2009 Friday Career Coffees: Getting the Right Job in Tough Times

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S&P WHITE PAPERS

The Shrinking Index Effect—A Global Perspective
Is the “index effect” shrinking? To answer this question, S&P does a 10-year review of constituent changes in headline indices of five of the biggest equity markets in the world: S&P 500, Nikkei 225, FTSE 100, S&P/TSX 60 and DAX 30. The conclusions include that excess returns for index additions have diminished over the past five years. The median excess return of S&P 500 additions was 3.8% for the past five years, compared to 6.0% for the five years prior. The declining pattern is also observed in Nikkei 225, S&P/TSX 60 and DAX 30.
To learn why the index effect is shrinking, click here for the full report.

Call for Entries!
To improve our newsletter and enhance our readers’ experience, NYSSA is looking for readers who are interested in writing articles for the newsletter on pertinent industry topics from a professional’s perspective, or articles about issues covered in one of NYSSA’s conferences or seminars (if you were an attendee).

Please submit your articles to Shauntay Jones at sjones@nyssa.org for consideration.

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